ACCOUNTING AND ANALYTICAL SUPPORT OF PRODUCTION OF OIL CROP PRODUCTS

Abstract

The article explores the process of accounting and analysis of oilseeds production. The production of these products requires accurate and timely information for effective management. The authors analysed the main stages of accounting, which include the collection of primary information, calculation of cost and determination of profitability, as well as warehouse and financial accounting. The first stage, the collection of primary information, involves the generation of primary documents, such as sampling reports and the registration of material and labour costs. Automated accounting systems facilitate the fast and accurate collection of this information, ensuring accuracy and speed of work. The second stage, the calculation of production costs, takes into account the costs of raw materials, fuel, labour, depreciation and other operating expenses. Calculations can be made using various methods, such as standard, direct and full. This allows us to determine the cost of production and the profitability of production. The third stage – analysis of financial results – includes the calculation of net profit, return on turnover and return on equity. Net profit is defined as the difference between gross income and costs of production and sales. The article emphasises the importance of accounting and analytical support for oilseed production and recommends the use of automated accounting systems to ensure effective management and rational decision-making. The study contributes to the understanding of the process of accounting and analysis of oilseeds production and can be useful for managers of agro-industrial enterprises and specialists in the field of agricultural accounting. The article also draws attention to the importance of warehouse accounting for oilseeds. Efficient management of warehouse stocks is a key aspect of ensuring a continuous supply of products and maintaining an optimal level of stocks. The authors provide recommendations on warehouse accounting methods, such as periodic and continuous inventory methods, as well as the use of modern technologies, such as barcoding and automatic inventory control systems. Additionally, the article discusses aspects of financial accounting for oilseeds. It describes the methodology for determining financial indicators such as total revenues, expenses, assets and liabilities. Financial accounting helps to assess the financial stability of an enterprise, ensure the accuracy of reporting and identify potential problems. In general, the article highlights important aspects of accounting and analysis of oilseeds production, focusing on the collection of primary information, costing, financial accounting and warehouse accounting. The results of the study help to improve the efficiency of oilseed production management and ensure the stability and profitability of the enterprise.